37 Burst results for "fannie"

Fresh update on "fannie" discussed on Own It

Own It

04:47 min | 4 hrs ago

Fresh update on "fannie" discussed on Own It

"Street talk. Now. Here's your host Chris Davies. Welcome back. Let's go to the phones and talk to Bob. Good morning, Bob. Chris here. What's your question this morning? Hey, guys, I have a couple of questions. And this is great Me my wife wanted by our first house. And have a few questions. Um About. Is there any first time buyer programs? That's one question too. We have 50,000 that we could put down. Possibly more when we're ready to buy a house. That's my second question and three could you explain a little bit about what an escrow account is and what I would have to put down before because one banker, I won't say the name said that we would actually have to start an account for the taxes and stuff like that on the house. Did you give a little bit more detail? Exactly what that is. Yeah. So the those are all fantastic questions on the first time home, Buy a program. Most of those programs, income capped. So they go off the premise that if you're a first time home by your income is not going to be At the Ah median income, so to speak. So through Fannie and Freddie, most of those programs like captain 80% off the average median income, so that would put it in, at least in King County most zip codes that puts it at around $80,000 a year. The Washington State bond program. You go zero down on that program. It could go up to $145,000 a year. However, if utilize the zero down portion of it The interest rate tends to be a little bit higher, but other than the other than the fact that you can put 3% down, zero down. There's no real advantage, too. The first time home buy a program. Ah, if you're 50% down. That's going to be at least I would say that puts in the 5% category depending on what you want that monthly mortgage payment to bay so we can talk about that, too, in relation to where you're looking to buy in that type of thing. So You know, you really put yourself in this position where we can get Ah, fantastic interest rate. Ah, not having 20% down is not is certainly not a negative. Mortgage insurance is is not that expensive as long as the credit schools online on DA When you get uninterested rate that's in the in the twos, so to speak. I always recommend maximizing your money and be ableto. You know, maybe invest some of the funds as well. So from that perspective, ah, your other question is the the question regarding S grows So, yes. When The escrow account is the money set aside for taxes and insurance to make that payment when it comes due. So, for example, right now, second half taxes are due in October. Sonny. Any closings that occur in September? You looking at having to pay second half taxes and then then there's preparations that occurred. So instead of instead of you having to dig into your pockets and come up with a three or $4000 check to pay the first or second half taxes. The bank will make that for you, but they have a reserve account. That will accrue money each and every month because The The tax bill on a year to year basis or the insurance bill. On a year to year basis. You take that dollar amount you divided by 12 and that's what's collected monthly. So to you. Simple math. If your tax bill was $12,000 a year, That means the property tax portion of your house payment would be $1000. So each month $1000 off your payment has that has that has the added portion to it, and that goes into the escrow account now. What they do Ah, when they when they when they start in escrow account, they always have two extra months of payments in the escrow account on that's just there to account for any yearly increases. For example, property taxes went up last year from 18 to 19 from 19 to 20. In most cases, so therefore Instead of having to hit you up and say, Gosh, you know what? You could have a huge escrow account payment increase. We're going to go ahead and Ah, you have an extra couple months that to accommodate those things, and they they evaluate the escrow account yearly. But that's that's what that is. When you don't put 20% down, you have to have an escrow account. It's required through Fannie and Freddie. I'm gonna put you on hold, but because we're coming up to a news break, and I'll take more questions on those answers. Folks Number two, The show's 844 Talk one on one. Let's get a full four. Talk one on one..

AH Chris Davies Fannie BOB Freddie First House Washington State King County
Fresh update on "fannie" discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

00:34 min | 7 hrs ago

Fresh update on "fannie" discussed on Let's Talk Bitcoin!

"Yes and credits a- CAITLIN for pointing that out on twitter I. Mean that was long credit to Kaitlin for helping make that happen in Wyoming. Exactly and essentially what this is, is the Wyoming model being taken nationwide. I think it seems to me to be but not as good as the Wyoming model, which is why I think we might WanNa have Caitlin on the show again to describe the differences, there are some really small nuances that have to do with how these accounts are treated one of the. Biggest nuances and I haven't seen anything in the regulation that addresses. This is whether the accounts itself is a Belmont or not what's abandonment? Yeah. So what does that mean that means that under some types of regulations when a third party custodian has custody of something they have custody, but you have ownership meaning that you have a explicit statutory property rights in that. Account that account is yours being held by them that doesn't apply to bank accounts surprisingly enough bank accounts are not considered your property, and so you do not have a statutory property rights in the contents of the bank account and in Wyoming with Crypto they explicitly made it so that you had a statute or property rights in the crypto that is being held. By Custodian, it is your property under law, which means that if let's say the bank goes bankrupt, you don't have to wait in line as some tear of creditor and hope you get bailed out you take your property back and then if there's anything lasts for anybody else that's their problem. Well, that's not how it works. It's supposed to go to the debt holders. Holders, and then maybe the customers get some kind of recompense that cents on the dollar right and that's the difference between. Bail property. Interesting so and what about FDIC insurance if any banks are actually choosing to do this to custody crypto? Are they going to be required to have it in FDIC insured accounts or something, and how does that work because the value can fluctuate? Well, the F. and FDIC stands for federal, which will make you believe it's a federal entity just like Federal Reserve, which is also not a federal entity. FDIC as. Banking consortium it's a risk pool and it can manage small failures of one or two banks every now, and then not systemic risk it is regulated and theoretically at least the federal government would step in, but it's one of those quasi non-governmental organizations like Fannie Mae Freddie Mac the Federal Reserve and FDIC. So will it cover crypto I seriously doubt it. Yeah. I just don't see any way they could do that. So. Let's talk about the risks because I think that's the other big issue we happen to trust yet ken banks actually do this without getting fairy badly burned by mishandling the risk of cryptocurrency. This is not simply a digital asset that you can control. This is a system that it's underpinnings are on sensible blockchain's with immutable characteristics, and that means that if it's stolen is gone and it's gone and that's in contrast to the banking system in terms of the way that it traditionally worked. So yeah, I, think it is a big question. One thing we were talking about before the show that's probably worth mentioning is as always we use coin base as sort of the straw man of to. Kind of uses as an example, but is it going to be better for people who are looking to have their crypto in some place where it can be safe at least as far as they're concerned and they don't have to be there on bank will a real bank be better at this than coin base or worse or will real banks outsource this to companies like coin base kind of I don't think we know any of that. But what do you think I think they'll outsource it for sure. They're not GONNA try to get into this..

Fdic Wyoming Caitlin Kaitlin Federal Government Ken Banks Federal Reserve Twitter Fannie Mae
Hidden Histories - Rosewood, Tulsa, Chicago

Your Brain on Facts

04:22 min | Last month

Hidden Histories - Rosewood, Tulsa, Chicago

"Halfway between Tampa and Tallahassee, a hundred yards off state route, twenty four and ten miles from the next town stands a handsome Pale Yellow House with decorative white trim on the two story porch. The house was the only survivor of an episode of such extraordinary violence that it boggles the mind how quickly and completely it was swept under the rug. An entire community was burned to the ground in an incident of racist asymmetrical warfare. And most people have never even heard of it. My Name's Moxy and this is your brain on facts. The community had been or technically still is Rosewood, Florida. It was settled by both black and white people twenty years before the civil war, but the Jim. Crow segregation in the Post Bellum decades put a clear divide into the community. The town was incorporated in eighteen seventy after it got a post office on a train stop and was named Rosewood for the Pink Cedars that were also the base of its economy. Residents worked in lumber, yards, mills, and even a pencil factory. Until the cedars had been overharvested, and the factories began to close. Most of the white residents moved to nearby sumner. But one couple John and Mary right who ran the general store? They were kind to their neighbors, and were known to Slip Candy to the black kids who hung out at the store, possibly because their own children had died young. The white flight continued into the nineteen twenties when Rose Woods population of about two hundred was entirely black plus the rights. The little hamlet got by just fine. Until New Year's Day nineteen twenty-three. Over in Sumner, a woman named Fanny Taylor woke her neighbors, saying a black man had broken into her house and attacked her. Rather than alert sheriff, her husband immediately gathered a group of men. Including clansmen who were in the area for a rally and a tracking dog. the, dog, lead them to the railroad tracks, which led to Rosewood. The mob, which would grow to be three hundred strong got it in their head that they were looking for a black man named Jesse Hunter who had escaped from a chain gang. The dog ran through the open door of a house and back out with that of wagon tracks. When the homeowner swore that no one else had been in his house, the mob tied him to the back of a car and dragged him down a dirt road. Then they tracked down the owner of the wagon whose tracks the dog sniffed. When he also claimed ignorance and innocence, the mob mutilated and killed him. The mob came to the House of Sarah carrier the Taylor's laundries. Two dozen people most of them. Children were hiding inside having heard what was going on already driven out of their homes by fear. For whatever reason the mob was sure that carrier was hiding Jesse Hunter. They fired on the House and carrier. Sons returned fire. When it was over both Sarah and her son Sylvester carrier had been fatally shot, though Sylvester had managed to kill two of their assailants. Had, anyone bothered to talk to Sarah carrier about Fannie, Taylor. She would have been able to tell them about Taylor's lover. Her white lover who she had been with before the attack. As, the mob kicked in the front door of the carrier house, the people hiding inside fled out the back door to the relative safety of the nearby. Swampy Woods. Not. All were able to get away though. Carriers, other son James was found by the mob who reportedly made him dig his own grave before killing him. The newspapers of the nearby towns caught wind of what was happening. They ran exaggerated. Retailing's of the siege of the carrier House and blatantly false reports of roving bands of armed black citizens. Seeing that even more white men poured into Rosewood believing that a race war had broken out. Apparently it's only a race war when the race you're targeting fights back. The manhunt and terror campaign wasn't confined to that single night, but stretched on for nearly a week.

Pale Yellow House Rosewood Sarah Carrier Fanny Taylor Jesse Hunter Sylvester Carrier Sumner Pink Cedars Rose Woods Tampa Florida Swampy Woods James Tallahassee JIM
Economic Fallout From COVID-19 Is Hard On Landlords Too

NPR's Business Story of the Day

05:57 min | 2 months ago

Economic Fallout From COVID-19 Is Hard On Landlords Too

"Explored the uncertainty from a lot of different perspectives and nothing can feel more destabilizing. The Not knowing if you're going to be able to make your rent next month we've heard on this show about how much renters who've lost income from the current crisis are struggling today. We're going to hear from the other side of that relationship. The landlord my name is Marilyn. Jim I am a small mom and pop landlord in Seattle with my husband We live in a triplex with our children and our tenants. Our House was built as a single family home in nineteen twelve by an Irish immigrant. Who had eighteen children and so? It's a good sized home sometime. In the past it was divided into a triplex. They both have day jobs but they rely on the rental income they get from several properties around the city. You know my husband will be the guy who's pushing the lawnmower so our tenants know us get to know us very well. They see us. They know that our family lives here. And and You know it's it's very much a personal up close up front relationship but that relationship has taken on a new sense of gravity since the financial crisis triggered by the pandemic all. Her tenants paid late in April and then in. May One of her tenants couldn't come up with the money at all. We came to the table with some ideas of what we could do to help. Meet them in the middle and we've come up with a plan that will take us through the next two months and then we're going to check in again in June and reassess but you know my husband and I have also had the conversation of ultimately. How long is this going to last? How long can we last? They're worried because they don't have a lot of extra money on reserve to float their mortgages if their tenants can't pay. We're not hoarding money here. And so we don't have a large cushion to tap into to get through something like this or mortgage lender is only allowing three months of forbearance and they want full repayment. At the end of free months it's hard for us to think. How are we going to get through if Are Tenants get to the point? Where there are no longer able to pay. Npr correspondent. Chris. Arnold has been looking into the dilemma that Maryland yet and many small landlords find themselves in right now and he joins us. Hey Chris Rachel so what stood out to you in Maryland Story. Will I think a lot of people are in the situation? And th there's all kinds of landlords out there and I think people tend to think about landlords is like big mean faceless corporations or you know as people rubbing their hands together wanting the money but there's just a lot of mom and POPs who were regular people and they wanna keep good tenants and they want to help them but they do depend upon this rental income right because they're not be corporations. They got bills to pay to like their mortgage and Congress mandated help for homeowners and that includes small landlords like Maryland. Were in exactly the situation and so when you play the interview for me. The the big red blinking alarm light that I heard in it was. She said that her lender told her that if she skipped payments she have to pay them all back in just a few months in this giant lump sum doesn't make any sense in this crisis in this kind of big balloon. Payment thing is is absolutely not the way that this is supposed to work. Okay so how is it supposed to work but good question So we should say that this is four home loans that our government back so by Fannie Mae or Freddie Mac and a lot of people don't even realize that their home mortgages backed by the government and somebody but seventy five percent of all homeless in the country are and so as Maryland's I checked and experts at. I've talked to say that for the vast majority of people who were struggling financially in this outbreak for them the rules say that they should make payments again when they're able to and it should be the same monthly payment their payments should not go up no big crazy. Lump sum payments should just get moved to the back and of the loan term. Okay so if it's a thirty year loan now. It's a thirty year loan plus say six months of missed payments on the back end. If these are the rules Chris Wise Maryland hearing something different and can Marilyn just push back yes she absolutely can and I've talked to borrowers who have done that. And sometimes they get a much better answer. And here's what's been going on. And after a lot of initial confusion. The Mortgage Bankers Association says that the companies are dealing with this much. Better this better information out there but the current system has a complicated set of rules and it relies on on lenders. Who've got like call center workers working from home they have to interpret this complicated set of rules properly and borrowers are sort of at the mercy of their lenders getting this right and arguably. It's not really going that well for a lot of people look at what. Maryland's going getting all SPAN INFORMATION. So that's why there are growing calls from Congress to fix this. I talked to Steve. Sharp with the nonprofit National Consumer Law Center. It's so important. We believe for Congress to step in and clearly state through law that for folks who have covid nineteen forbearance the real default should be putting their mortgage payments at the end of the lowe. Okay so just make that. The default make it automatic. So there's confusion the payments. Just go on the back end right and and some members of Congress do WANNA do this. There's a bipartisan group of State Attorneys General who were pushing for this to the CEO of a mortgage company. I talked to likes the idea and I actually called up and talked to Maryland and her husband again and I. Currently they're using their tenants security deposit and the last month's rent to sort of make up some of the difference of the rent that they're not able to pay but that's not going to be able to go on for too much longer and Maryland said look at mean having the certainty of this default option would make them much more comfortable skipping mortgage payments so that they could afford to be more flexible with with their tenants. Yeah because then. We wouldn't even need to be talking about drawing down from the money that they already put on deposit with us you know we could leave that untouched We would definitely have a whole lot more flexibility to to really see you know if if they are drawing from their savings. Maybe they don't need to do

Maryland Congress Marilyn Seattle Mortgage Bankers Association Jim I NPR Chris Wise Chris Rachel Chris CEO Fannie Mae Arnold Lowe National Consumer Law Center Steve Freddie Mac
Here’s what you need to know about paying your rent or mortgage

Dan Proft

05:09 min | 4 months ago

Here’s what you need to know about paying your rent or mortgage

"So we talked a lot about the P. P. P. over the last couple of days the payroll protection program trump suggesting yesterday that he once said two hundred fifty two or fifty billion dollars to that the loan forgiveness program for small businesses what about individuals who are wondering about how they're going to pay their mortgage as they're waiting for the disaster relief checks or for unemployment insurance benefits to kick in for a discussion about the mortgage business we're pleased to be joined by our friend David hopper vice president lending of team Hochberg and home side financial David thanks for joining us appreciate it thank you ram appreciate the opportunity so thinking about people in financial distress or certainly concerned about being in financial distress in the not too distant future depending on how things transpire what are some of the questions you're getting in the recommendations you're making to people yeah well again thanks a lot for the opportunity your listeners are gonna fall into fort Meade a mostly four categories one there you're gonna have a party mac clone they're either going to have Fannie Mae Freddie Mac and will throw three categories trying to be pretty back FHA or VA okay Fannie Mae Freddie Mac allow your listeners and the easiest way to find out guys is to just call the eight hundred number on your mortgage statement and call them up and ask them if you have a female Freddie Mac FHA loan if you have a VA loan you you most likely would not be a long serving in our military or our a surviving spouse what what cleaning may forty mac have have issued rules that their servicers can allow up to twelve months of forbearance here's the biggest challenge though a forbearance is when a borrower can differ mortgage payments without any late fees or down any hits on the credit the challenges it's up to the servicer the person that has your mortgage that you're writing your mortgage thank you to make that determination what they've said is spinning the forty mac and come out and said is if you call them and state that you're having economic hardship economic challenges due to corporate nineteen coronavirus they will put you into a forbearance without any issues here's a challenge with Randy for Fannie Freddie rules state that if they put you to a three month of forbearance for example if you call today you could defer your April may and June payment but come July what your listeners to allow listeners don't realize come July first when the to my mortgage payment is due they want the ninety days of deferred payments as well so that's a major challenge and I called up my servicer who is chasing set what happens if listeners borrowers can't make that hundred twenty days worth of payments obviously they're going to permit into forbearance because we've got challenges he's like well they have to call back again they're not gonna make it easy for you you have to call back and either ask for another forbearance for loan modification at that time but see anybody Freddie Mac rules clearly state in a recent letter that they sent out to all other other servicers that farmers can get up to twelve months worth of errands now on the FHA rules FAQ role is completely different and this is important for your listeners to understand if you have an FHA rule FHA wrote FHA will allow six to twelve months worth of forbearance so they'll give you six blocks at a time but again you have to call your servicer who is the company that you write your checks to and request forbearance now the difference between winning may Freddie Mac and FHA the FHA has stated after the twelve months worth of forbearance they will allow you to allow farmers to add a second loan with zero percent interest on the backs all the missed payment you made for the six or twelve months there will be a subordinate loan added at zero percent interest that no penalty to the borrower that will be paid off when you either refinance or sell your home the T. and there hasn't been any rules released yet for VA loans Ross I would I I would you'd you know share that with you listen it's a constantly moving thing right now and we're trying to stay ahead of it the best we can why are they offering forbearance for six to twelve months is that an indication about how long they think this may last sort of a hedge what will it be pretty macros of Fannie Mae and Freddie Mac is already have forty wrote written rules for their servicers to offer up to twelve months which means you know what they know okay that is it's going to be this is war I'm not trying to freak your listeners out but I I survived nine eleven I survived oh wait and I'm telling you right now eight we had what may be seven to eight hundred thousand people unemployed which was a huge hit to the economy you're you're talking twelve fifteen twenty times that number so what Fannie Mae Freddie Mac FHA are doing is trying to get ahead of it so you don't have bar were standing around the corner at the gymnasium is trying to do loan modifications like they did in a weight which is a complete

P. P.
FDA changes boost alcohol for sanitizer from ethanol makers

AP News Radio

00:36 sec | 4 months ago

FDA changes boost alcohol for sanitizer from ethanol makers

"With NFL the it's FBI's really April team owners hard first handling voted to find Tuesday upon of its to us surveillance it expand but there potentially are the playoffs bills program due by came there this one under could week team be scrutiny millions in each and conference millions after of for of Americans a gallons total the investigation of fourteen of who hand no longer next sanitizer into have season a ties job as coming between they for continue a online paycheck Russia to plan and for the two the made the thousand twenty Associated by twenty sixteen season ethanol Press to trump is begin compiled producers on campaign time some tips it's to the help first inspector the food playoff and general drug expansion the administration Michael first for the league Horowitz thing since to nineteen is do concluded is ninety allowing to reach F. B. out only ethanol I. and agents the notify teams made with had the best a made at facilities mortgage significant record in the lender AFC where fuel errors and student NFC and omissions ethanol loan will get servicer a bye is produced under in the applications new or format utility as to eavesdrop long the provider seven as it seed contains will on play that former the you no two need trump additional seed relief campaign additives the adviser and sixty see what or will Carter they visit chemicals offer page the three in the foreclosures fifth and seed a the broader companies will have be been at audit the fourth can suspended ensure followed seed for a wild for in water the FHA results card games purity suggest mortgages CBS the FBI and proper and NBC errors and those sanitation backed will pick were not up by the extra Fannie limited of their broadcast Mae equipment to or the on cable Russia Freddie and investigation Mac streaming the renewable platforms gas fuels electric it and the association found NFL problems will and have other a says separately in utility already each produced of the providers twenty about telecasts five twenty often facilities surveillance of the games have assistance applications tailored are programs for making a it younger reviewed audience for alcohol cobra that including will air for allows on Nickelodeon hand a lack laid sanitizer off of workers supporting I'm Josh to documentation Rowntree keep even health donating insurance for some factual although there to the is assertions state a large of Nebraska out of Ben pocket Thomas I'm expense Jackie Washington Quinn some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Josh Nickelodeon NBC FHA Horowitz Jackie Washington Quinn Thomas Nebraska Rowntree NFL MAC Freddie Fannie FBI CBS Carter Michael Russia
FDA changes boost alcohol for sanitizer from ethanol makers

AP News Radio

00:36 sec | 4 months ago

FDA changes boost alcohol for sanitizer from ethanol makers

"With NFL the it's FBI's really April team owners hard first handling voted to find Tuesday upon of its to us surveillance it expand but there potentially are the playoffs bills program due by came there this one under could week team be scrutiny millions in each and conference millions after of for of Americans a gallons total the investigation of fourteen of who hand no longer next sanitizer into have season a ties job as coming between they for continue a online paycheck Russia to plan and for the two the made the thousand twenty Associated by twenty sixteen season ethanol Press to trump is begin compiled producers on campaign time some tips it's to the help first inspector the food playoff and general drug expansion the administration Michael first for the league Horowitz thing since to nineteen is do concluded is ninety allowing to reach F. B. out only ethanol I. and agents the notify teams made with had the best a made at facilities mortgage significant record in the lender AFC where fuel errors and student NFC and omissions ethanol loan will get servicer a bye is produced under in the applications new or format utility as to eavesdrop long the provider seven as it seed contains will on play that former the you no two need trump additional seed relief campaign additives the adviser and sixty see what or will Carter they visit chemicals offer page the three in the foreclosures fifth and seed a the broader companies will have be been at audit the fourth can suspended ensure followed seed for a wild for in water the FHA results card games purity suggest mortgages CBS the FBI and proper and NBC errors and those sanitation backed will pick were not up by the extra Fannie limited of their broadcast Mae equipment to or the on cable Russia Freddie and investigation Mac streaming the renewable platforms gas fuels electric it and the association found NFL problems will and have other a says separately in utility already each produced of the providers twenty about telecasts five twenty often facilities surveillance of the games have assistance applications tailored are programs for making a it younger reviewed audience for alcohol cobra that including will air for allows on Nickelodeon hand a lack laid sanitizer off of workers supporting I'm Josh to documentation Rowntree keep even health donating insurance for some factual although there to the is assertions state a large of Nebraska out of Ben pocket Thomas I'm expense Jackie Washington Quinn some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Josh Nickelodeon NBC FHA Horowitz Jackie Washington Quinn Thomas Nebraska Rowntree NFL MAC Freddie Fannie FBI CBS Carter Michael Russia
FDA changes boost alcohol for sanitizer from ethanol makers

AP News Radio

00:36 sec | 4 months ago

FDA changes boost alcohol for sanitizer from ethanol makers

"With NFL the it's FBI's really April team owners hard first handling voted to find Tuesday upon of its to us surveillance it expand but there potentially are the playoffs bills program due by came there this one under could week team be scrutiny millions in each and conference millions after of for of Americans a gallons total the investigation of fourteen of who hand no longer next sanitizer into have season a ties job as coming between they for continue a online paycheck Russia to plan and for the two the made the thousand twenty Associated by twenty sixteen season ethanol Press to trump is begin compiled producers on campaign time some tips it's to the help first inspector the food playoff and general drug expansion the administration Michael first for the league Horowitz thing since to nineteen is do concluded is ninety allowing to reach F. B. out only ethanol I. and agents the notify teams made with had the best a made at facilities mortgage significant record in the lender AFC where fuel errors and student NFC and omissions ethanol loan will get servicer a bye is produced under in the applications new or format utility as to eavesdrop long the provider seven as it seed contains will on play that former the you no two need trump additional seed relief campaign additives the adviser and sixty see what or will Carter they visit chemicals offer page the three in the foreclosures fifth and seed a the broader companies will have be been at audit the fourth can suspended ensure followed seed for a wild for in water the FHA results card games purity suggest mortgages CBS the FBI and proper and NBC errors and those sanitation backed will pick were not up by the extra Fannie limited of their broadcast Mae equipment to or the on cable Russia Freddie and investigation Mac streaming the renewable platforms gas fuels electric it and the association found NFL problems will and have other a says separately in utility already each produced of the providers twenty about telecasts five twenty often facilities surveillance of the games have assistance applications tailored are programs for making a it younger reviewed audience for alcohol cobra that including will air for allows on Nickelodeon hand a lack laid sanitizer off of workers supporting I'm Josh to documentation Rowntree keep even health donating insurance for some factual although there to the is assertions state a large of Nebraska out of Ben pocket Thomas I'm expense Jackie Washington Quinn some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Josh Nickelodeon NBC FHA Horowitz Jackie Washington Quinn Thomas Nebraska Rowntree NFL MAC Freddie Fannie FBI CBS Carter Michael Russia
Watchdog finds new problems with FBI wiretap applications

AP News Radio

00:36 sec | 4 months ago

Watchdog finds new problems with FBI wiretap applications

"With NFL the FBI's April team owners first handling voted Tuesday upon of its to us surveillance expand there are the playoffs bills program due by came this one under week team scrutiny in each and conference millions after for of Americans a total the investigation of fourteen who no longer next into have season a ties job as between they for continue a paycheck Russia to plan and for the two the the thousand twenty Associated twenty sixteen season Press to trump is begin compiled on campaign time some tips it's to the help first inspector playoff general expansion the Michael first for the league Horowitz thing since to nineteen do concluded is ninety to reach F. B. out only I. and agents the notify teams with had the best a made mortgage significant record in the lender AFC errors and student NFC and omissions loan will get servicer a bye under in the applications new or format utility to eavesdrop the provider seven seed will on play that former the you two need trump seed relief campaign the adviser and sixty see what will Carter they visit offer page the three in the foreclosures fifth seed a broader will have be been at audit the fourth suspended followed seed for a wild for in the FHA results card games suggest mortgages CBS the FBI and NBC errors and those backed will pick were not up by the extra Fannie limited broadcast Mae to or the on cable Russia Freddie and investigation Mac streaming platforms gas electric it and the found NFL problems will and have other a separately in utility each produced of the providers twenty telecasts five often surveillance of the games have assistance applications tailored programs for a it younger reviewed audience for cobra that including will air allows on Nickelodeon a lack laid off of workers supporting I'm Josh to documentation Rowntree keep health insurance for factual although there is assertions a large out of Ben pocket Thomas expense Washington some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Nickelodeon Fannie FHA Horowitz Jackie Quinn Washington Rowntree Josh NFL Freddie MAE NBC CBS Carter Michael Russia FBI
Watchdog finds new problems with FBI wiretap applications

AP News Radio

00:36 sec | 4 months ago

Watchdog finds new problems with FBI wiretap applications

"With NFL the FBI's April team owners first handling voted Tuesday upon of its to us surveillance expand there are the playoffs bills program due by came this one under week team scrutiny in each and conference millions after for of Americans a total the investigation of fourteen who no longer next into have season a ties job as between they for continue a paycheck Russia to plan and for the two the the thousand twenty Associated twenty sixteen season Press to trump is begin compiled on campaign time some tips it's to the help first inspector playoff general expansion the Michael first for the league Horowitz thing since to nineteen do concluded is ninety to reach F. B. out only I. and agents the notify teams with had the best a made mortgage significant record in the lender AFC errors and student NFC and omissions loan will get servicer a bye under in the applications new or format utility to eavesdrop the provider seven seed will on play that former the you two need trump seed relief campaign the adviser and sixty see what will Carter they visit offer page the three in the foreclosures fifth seed a broader will have be been at audit the fourth suspended followed seed for a wild for in the FHA results card games suggest mortgages CBS the FBI and NBC errors and those backed will pick were not up by the extra Fannie limited broadcast Mae to or the on cable Russia Freddie and investigation Mac streaming platforms gas electric it and the found NFL problems will and have other a separately in utility each produced of the providers twenty telecasts five often surveillance of the games have assistance applications tailored programs for a it younger reviewed audience for cobra that including will air allows on Nickelodeon a lack laid off of workers supporting I'm Josh to documentation Rowntree keep health insurance for factual although there is assertions a large out of Ben pocket Thomas expense Washington some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Nickelodeon Fannie FHA Horowitz Jackie Quinn Washington Rowntree Josh NFL Freddie MAE NBC CBS Carter Michael Russia FBI
Watchdog finds new problems with FBI wiretap applications

AP News Radio

00:36 sec | 4 months ago

Watchdog finds new problems with FBI wiretap applications

"With NFL the FBI's April team owners first handling voted Tuesday upon of its to us surveillance expand there are the playoffs bills program due by came this one under week team scrutiny in each and conference millions after for of Americans a total the investigation of fourteen who no longer next into have season a ties job as between they for continue a paycheck Russia to plan and for the two the the thousand twenty Associated twenty sixteen season Press to trump is begin compiled on campaign time some tips it's to the help first inspector playoff general expansion the Michael first for the league Horowitz thing since to nineteen do concluded is ninety to reach F. B. out only I. and agents the notify teams with had the best a made mortgage significant record in the lender AFC errors and student NFC and omissions loan will get servicer a bye under in the applications new or format utility to eavesdrop the provider seven seed will on play that former the you two need trump seed relief campaign the adviser and sixty see what will Carter they visit offer page the three in the foreclosures fifth seed a broader will have be been at audit the fourth suspended followed seed for a wild for in the FHA results card games suggest mortgages CBS the FBI and NBC errors and those backed will pick were not up by the extra Fannie limited broadcast Mae to or the on cable Russia Freddie and investigation Mac streaming platforms gas electric it and the found NFL problems will and have other a separately in utility each produced of the providers twenty telecasts five often surveillance of the games have assistance applications tailored programs for a it younger reviewed audience for cobra that including will air allows on Nickelodeon a lack laid off of workers supporting I'm Josh to documentation Rowntree keep health insurance for factual although there is assertions a large out of Ben pocket Thomas expense Washington some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Nickelodeon Fannie FHA Horowitz Jackie Quinn Washington Rowntree Josh NFL Freddie MAE NBC CBS Carter Michael Russia FBI
Watchdog finds new problems with FBI wiretap applications

AP News Radio

00:36 sec | 4 months ago

Watchdog finds new problems with FBI wiretap applications

"With NFL the FBI's April team owners first handling voted Tuesday upon of its to us surveillance expand there are the playoffs bills program due by came this one under week team scrutiny in each and conference millions after for of Americans a total the investigation of fourteen who no longer next into have season a ties job as between they for continue a paycheck Russia to plan and for the two the the thousand twenty Associated twenty sixteen season Press to trump is begin compiled on campaign time some tips it's to the help first inspector playoff general expansion the Michael first for the league Horowitz thing since to nineteen do concluded is ninety to reach F. B. out only I. and agents the notify teams with had the best a made mortgage significant record in the lender AFC errors and student NFC and omissions loan will get servicer a bye under in the applications new or format utility to eavesdrop the provider seven seed will on play that former the you two need trump seed relief campaign the adviser and sixty see what will Carter they visit offer page the three in the foreclosures fifth seed a broader will have be been at audit the fourth suspended followed seed for a wild for in the FHA results card games suggest mortgages CBS the FBI and NBC errors and those backed will pick were not up by the extra Fannie limited broadcast Mae to or the on cable Russia Freddie and investigation Mac streaming platforms gas electric it and the found NFL problems will and have other a separately in utility each produced of the providers twenty telecasts five often surveillance of the games have assistance applications tailored programs for a it younger reviewed audience for cobra that including will air allows on Nickelodeon a lack laid off of workers supporting I'm Josh to documentation Rowntree keep health insurance for factual although there is assertions a large out of Ben pocket Thomas expense Washington some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Nickelodeon Fannie FHA Horowitz Jackie Quinn Washington Rowntree Josh NFL Freddie MAE NBC CBS Carter Michael Russia FBI
How paths might have changed under expanded NFL playoffs

AP News Radio

00:32 sec | 4 months ago

How paths might have changed under expanded NFL playoffs

"With NFL April team owners first voted Tuesday upon to us expand there are the playoffs bills due by this one week team in each and conference millions for of Americans a total of fourteen who no longer next have season a job as they for continue a paycheck to plan for the two the thousand Associated twenty season Press to is begin compiled on time some tips it's to the help first playoff expansion the first for the league thing since to nineteen do is ninety to reach out only and the notify teams with the best a mortgage record in the lender AFC and student NFC loan will get servicer a bye under the new or format utility the provider seven seed will play that the you two need seed relief the and sixty see what will they visit offer the three in the foreclosures fifth seed will have be been at the fourth suspended seed for a wild for FHA card games mortgages CBS and NBC and those backed will pick up by the extra Fannie broadcast Mae or on cable Freddie and Mac streaming platforms gas electric and the NFL will and have other a separately utility produced providers telecasts often of the games have assistance tailored programs for a younger audience for cobra that will air allows on Nickelodeon laid off workers I'm Josh to Rowntree keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

AFC CBS NBC MAE NFL Nickelodeon Josh Rowntree Jackie Quinn NFC Fannie
How paths might have changed under expanded NFL playoffs

AP News Radio

00:32 sec | 4 months ago

How paths might have changed under expanded NFL playoffs

"With NFL April team owners first voted Tuesday upon to us expand there are the playoffs bills due by this one week team in each and conference millions for of Americans a total of fourteen who no longer next have season a job as they for continue a paycheck to plan for the two the thousand Associated twenty season Press to is begin compiled on time some tips it's to the help first playoff expansion the first for the league thing since to nineteen do is ninety to reach out only and the notify teams with the best a mortgage record in the lender AFC and student NFC loan will get servicer a bye under the new or format utility the provider seven seed will play that the you two need seed relief the and sixty see what will they visit offer the three in the foreclosures fifth seed will have be been at the fourth suspended seed for a wild for FHA card games mortgages CBS and NBC and those backed will pick up by the extra Fannie broadcast Mae or on cable Freddie and Mac streaming platforms gas electric and the NFL will and have other a separately utility produced providers telecasts often of the games have assistance tailored programs for a younger audience for cobra that will air allows on Nickelodeon laid off workers I'm Josh to Rowntree keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

AFC CBS NBC MAE NFL Nickelodeon Josh Rowntree Jackie Quinn NFC Fannie
How paths might have changed under expanded NFL playoffs

AP News Radio

00:32 sec | 4 months ago

How paths might have changed under expanded NFL playoffs

"With NFL April team owners first voted Tuesday upon to us expand there are the playoffs bills due by this one week team in each and conference millions for of Americans a total of fourteen who no longer next have season a job as they for continue a paycheck to plan for the two the thousand Associated twenty season Press to is begin compiled on time some tips it's to the help first playoff expansion the first for the league thing since to nineteen do is ninety to reach out only and the notify teams with the best a mortgage record in the lender AFC and student NFC loan will get servicer a bye under the new or format utility the provider seven seed will play that the you two need seed relief the and sixty see what will they visit offer the three in the foreclosures fifth seed will have be been at the fourth suspended seed for a wild for FHA card games mortgages CBS and NBC and those backed will pick up by the extra Fannie broadcast Mae or on cable Freddie and Mac streaming platforms gas electric and the NFL will and have other a separately utility produced providers telecasts often of the games have assistance tailored programs for a younger audience for cobra that will air allows on Nickelodeon laid off workers I'm Josh to Rowntree keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

AFC CBS NBC MAE NFL Nickelodeon Josh Rowntree Jackie Quinn NFC Fannie
How paths might have changed under expanded NFL playoffs

AP News Radio

00:32 sec | 4 months ago

How paths might have changed under expanded NFL playoffs

"With NFL April team owners first voted Tuesday upon to us expand there are the playoffs bills due by this one week team in each and conference millions for of Americans a total of fourteen who no longer next have season a job as they for continue a paycheck to plan for the two the thousand Associated twenty season Press to is begin compiled on time some tips it's to the help first playoff expansion the first for the league thing since to nineteen do is ninety to reach out only and the notify teams with the best a mortgage record in the lender AFC and student NFC loan will get servicer a bye under the new or format utility the provider seven seed will play that the you two need seed relief the and sixty see what will they visit offer the three in the foreclosures fifth seed will have be been at the fourth suspended seed for a wild for FHA card games mortgages CBS and NBC and those backed will pick up by the extra Fannie broadcast Mae or on cable Freddie and Mac streaming platforms gas electric and the NFL will and have other a separately utility produced providers telecasts often of the games have assistance tailored programs for a younger audience for cobra that will air allows on Nickelodeon laid off workers I'm Josh to Rowntree keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

AFC CBS NBC MAE NFL Nickelodeon Josh Rowntree Jackie Quinn NFC Fannie
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
Answering Your Questions of Stimulus Relief

Clark Howard Show

08:27 min | 4 months ago

Answering Your Questions of Stimulus Relief

"Wants to know she said I heard if you're on social security and you receive less than thirty thousand dollars per year you will not receive the stimulus money. Is this true? I have not seen anything saying that anywhere. So if you're talking about the twelve hundred dollar helicopter money I have not seen that the the senior citizens that will not receive it or senior citizens that are claimed as a dependent of someone else like. Let's say an adult child provides a lot of your care and Pays for more than half of your costs. And they may claim you on their taxes than you would not be eligible and they would not receive any Any helicopter money but if you live independently. I know of no reason why you would be eligible for the money. Doug has a question about his stimulus. Jackie says I've heard rumors that the cove in nineteen stimulus checks are going to be deducted from twenty twenty income tax refunds if a refund is applicable. Is that correct? No this is that something that I it a couple of days ago. I said I was going to have to read up on because we had another question about how this is affected in terms of taxes. And this is like money. Falling out of the sky it is Essentially a non taxable gift from the taxpayers collectively to you as an individual tax payer and the twelve hundred bucks per individual and a couple twenty four hundred. The five hundred per dependent child That money is just money. That's yours to us into spend as you need or to save for the event that Finance become more difficult for you over time no tax will be do chem I right. Michael says that he is self employed. He has no employees and he heard that there is no provision for people like him. What do you suggest I do? Is there any program that I can apply for help? Okay what's actually different? This time is there is assistance to people. That are self-employed self-employed individuals who've had their incomes. Crushed or eligible for what I think is the first time ever for unemployment compensation. The unemployment compensation will continue for Roughly I don't know if it's going to be sixteen weeks or seventeen weeks. I haven't seen final wording on that. Is Unemployment compensation you apply for with your State Unemployment Insurance Group And we have all the agency information for you with direct hyper links for all fifty states on our update to filing for unemployment on Clark Dot Com. We also have a deep dive story on it that we did not right but we linked to act. Clark DOT COM on applying for unemployment. So people that are self employed people that are independent contractors people that are GIG workers all three categories that under virtually every state law would be ineligible for unemployment compensation and all three categories. You are now eligible under the third stimulus Bill Joe Clark. Shane says I own some rental single family. Homes Have Fannie Mae backed mortgages under the new federal legislation. If my tenants can't pay rent will I have any loan payment forbearance if I can't pay the mortgage on those rental homes and if yes will how will that forbearance work? I am so glad you asked this question. Because I've been looking for the answer for people who have rental properties underwritten Indirectly by the federal government now. The legislation is clear that owner occupied properties. You're able to ask for forbearance for twelve months. I have not found anything that gives me a definitive answer yet for people who have rental properties because even though this is the first time we've had on the show. It's the third time I've been asked the question this week. By people off off the show people have been asking me who have rental properties that. They're worried they're tenants aren't going to pay is therefore available for them in what is essentially a Investment property not a personal residence. And hopefully that answer will emerge after this is adopted signed by the President and the regulations are issued. But for now I don't know Khem Sachs says now that the government is halting student loan interest in payments for six months. Does that mean that if I choose to make payments that the payment will go straight towards principal? There's no wording on that yet you know. There's no interest is going to be charged. But I've had a number of people ask me you know if I if I've got my job everything's fine. Just keep paying my student loans as agreed and am I gonNa get burned by doing that by missing the interest holiday so is best. I can tell you will not get benefit of the interest holiday if you continue to pay although that could change because I need to. I need to step back a second and explain something. And that is when the Congress passes a bill and then the president signs it into law. A lot of what's in there is worked out later by administrative agencies by the real various federal agencies so in the case with student loans it will be the US Department of Education that will ultimately issue guidance. On what will happen with something like somebody who says hey. I don't need a holiday. I'm going to keep paying amount. Do you get the benefit of no interest is an additional amount reducing your loan. That's the kind of thing Balhaf to decide because there's nothing I could find in what I've read. I've read that part of the statute that addresses. What happens if somebody voluntarily continues to make those payments so these kind of questions will be answered over the next several weeks? We only have a lot of areas more general information. Joe Clark. Brad has a question that might fall under exactly what you were. Just mentioning with the clarification from the different agencies but he says that his wife has automatic payments I in loans so we'll the grace period where the loans don't need to be paid. What will those automatic payments just cease for the time being and then start up again in October? That seems to be the plan because again the education department's going to have to make that happen but their intention is to cease all collections on loans for that period of time to be essentially no billing for loans and many people have them set up as automatic so there are two ways. People do automatics. If you have a bill pay service set up with your checking account and you just automatically pay certain bills every month. You will have to discontinue that if you're doing it for student loans because that would continue to go regardless of the actions of the US Department of Education on the other hand if your federal student loan servicer drafts here account each month. That's the activity that will likely automatically cease. So that's a distinction with a difference. It's very important that if you don't WanNa make your payments that you discontinue automatic bill pay and let me emphasize again. This is four federal student loans. Private loans are not included at all to this point. Private student loan providers are doing basically pretty much nothing for borrowers all. The action has been at the federal

Us Department Of Education Self Employed President Trump Bill Joe Clark Federal Government Fannie Mae Doug Joe Clark Khem Sachs Jackie Congress Shane Michael Principal Balhaf
"fannie" Discussed on 77WABC Radio

77WABC Radio

06:26 min | 8 months ago

"fannie" Discussed on 77WABC Radio

"Fannie Mae and Freddie Mac Stephen back to you thanks two thousand nineteen is wrapping up with the bank for many reasons of course but for the real estate industry it marks the debut of one of the biggest events ever any ours twenty twenty real estate forecast summit a gathering of world class economists real Taurus and industry experts a look ahead an examination of the challenges solutions and trends that could affect everyone involved in buying selling investing and owning real estate as the summit got under way I spoke with any our CEO Bob Goldberg about this brand new hallmark of real estate in America and how it brings together property ownership in all the factors that affect it my question to Bob how is real estate in America doing right now as we approach the new year and a new decade we see a very positive outlook that's going to happen again and housing the biggest challenge we all have is inventory we need more places for people to be able to call home so there is someone of a shortage of housing and that's always a challenge which is yeah people stay put longer they tend to look at you know a younger generation of millennials which has been a challenge for young folks trying to buy their first home now why is that college debt his saddle people left and right affordable housing which to me is the first and foremost thing that we in this country have to address that doesn't mean just lower prices or having housing that hits a certain type of economic range is being able to have enough inventory to be able to accommodate the needs of families weather's young focus retirees that middle part of the demographics that there's opportunities to obtain housing without there being a burial Berrier financially of Berrier in not knowing if there's going to be enough homes to be able to compare that applies to rental that applies to commercial yeah so give me people lots of choices at affordable pricing ranges is a up most requirement there are challenges as you said affordability the lack of homes for sale there just aren't enough houses for all the buyers out there but at least interest rates are low yeah their historic close you know when we were growing up our parents or grandparents had rates that we said we will never see it yet and boy how lucky they were and when I bought my first home back in the early eighties I had sixteen percent interest rate and three and a half points which is just incredible and it kept dropping it dropping dropping yeah you find rates well under you know five four to half percent for condos for single family homes for refinancing incredible opportunities so that has generated lots of interesting opportunity but you got to have the places in the homes in the dwellings to make it happen so I know that in the big economic summit the biggest push of all is the one for solutions how do we solve the problem Ford ability how do we solve the problem of inventory and how we solve the problem in homeownership gaps some parts of society that can't afford a home what do you do about that well I think it all comes down to one basic tenet you know what to realtors stand for what does the national association of realtors and our members was the most important thing we need to focus on and that is fair housing because if you make sure that everything is fair and open to everyone which is what we a spouse that's part of our code of ethics we just celebrated a year plus you know the fiftieth anniversary of fair housing we have been a stalwart working within our industry and outside industry groups and multi cultural groups about the importance of what for housing rent so you got to have that as your baseline starting point we talked about affordable housing how do you have enough housing in different some people don't want to buy a home some people want to read because I want to be mobile you've got to be able to accommodate all situations and all places and I think the way you do that is continually put our consumers first in everything that we do that's why we're here we're here as an industry to serve consumers we also have to educate our members we have to educate consumers about what they need to look for how they get involved in their communities how to get involved especially in terms of legislative or regulatory issues that may impact them in their housing in their local communities how that may play up to a state level and certainly in the are in all the allies that we work with on the federal level if federal let legislation what's going on with tax policy was going on with mortgage interest deduction was going in terms of capital gains exclusions all the different as flood insurance yeah we're the voice for consumers when it comes to real estate that's an imperative also you have someone who's fighting on behalf of property owners in this country that says we have to make it so that we do de regulate or the bottle neck may be the better work things that impede development of helping for building communities to help our consumers be able to have an opportune to breed and raise their families that's the kind of thing that we need to continue to focus on well Bob as we enter a new year and a new decade I thank you for being with us today and the best of luck to you too everyone of our members and to every homeowner and property owner across America in the coming years thank you so much they've been enjoyed the time they're very well I just Bob Goldberg the CEO of the national association of realtors I will have much more from any ours twenty twenty real estate forecast some throughout today show coming up on real estate today what's your home sellers expect in the new year the demand is high the supply is low but that still doesn't mean that you can price it out of control let's say based on that people are.

Fannie Mae Freddie Mac Stephen
"fannie" Discussed on WMAL 630AM

WMAL 630AM

02:08 min | 9 months ago

"fannie" Discussed on WMAL 630AM

"Most recent Fannie Mae home purchase sentiment index revealed that the number of people who say now's a good time to buy a home is falling Fannie Mae chief economist Doug Duncan remains upbeat but he concedes that affordability is not getting any better the main source of the affordability problem is the lack of entry level housing because boomers are not moving Jen answers are not moving and builders typically build for the move up buyer so the biggest affordability should simply lack of supply and Duncan tells CNBC that the Fannie Mae survey also found that first time home buyers are the most conservative in decades in terms of how much of their income they're committing to housing the head of a well known organization that promotes minority home ownership is optimistic Darnell Williams is president of the national association of real estate brokers he says in a new video that he is cautiously encouraged by a census bureau report showing the black homeownership rate rose in the third quarter there is still a thirty percentage point gap between black and non Hispanic white homeownership rates but the reported increase is significant and we are hopeful that our organization's bulls on the grounds effort will continue to yield positive increase the black homeownership rate in America is now forty two point seven percent up two point one percentage points from the second quarter if you have a child in college you know how expensive out of state tuition and room and board can be so business insider reports that some parents are now buying their kids local real estate to save money but wait point real estate investments see Scott Lawler said on fox business I don't know if it's as big a trend as you know the headlines my suggestions are really driving the market percent students tastes preferences and in fact maybe demands have changed dramatically and most existing stock does not comport with current preferences but parents you've gone that route say the so called Kitty condos can not only help their kids get in state tuition can help them build a credit my putting their name on the mortgage coming up a half an hour the housing number that's going up that's good news.

Doug Duncan CNBC Darnell Williams president America Scott Lawler Kitty condos Fannie Mae chief economist Jen fox seven percent
"fannie" Discussed on 760 KFMB Radio

760 KFMB Radio

02:06 min | 9 months ago

"fannie" Discussed on 760 KFMB Radio

"Most recent Fannie Mae home purchase sentiment index revealed that the number of people who say now's a good time to buy a home is falling Fannie Mae chief economist Doug Duncan remains upbeat but he concedes that affordability is not getting any better the main source of the affordability problem is the lack of entry level housing because boomers are not moving get answers are not moving and builders typically build for the move up buyer so the biggest affordability issues simply lack of supply and Duncan tells CNBC that the Fannie Mae survey also found that first time home buyers are the most conservative in decades in terms of how much of their income they're committing to housing the head of a well known organization that promotes minority home ownership is optimistic Darnell Williams is president of the national association of real estate brokers he says in a new video but he is cautiously encouraged by a census bureau report showing the black homeownership rate rose in the third quarter there is still a thirty percentage point gap between black and non Hispanic white homeownership rates but the reported increase is significant and we are hopeful that our organization's bulls on the grounds effort will continue to yield positive increase the black homeownership rate in America is now forty two point seven percent up two point one percentage points from the second quarter if you have a child in college you know how expensive out of state tuition and room and board can be so business insider reports that some parents are now buying their kids local real estate to save money but wait point real estate investments see Scott Lawler said on fox business I don't know if it's as big a trend as you know the headlines might suggest is not really driving the market percent students tastes preferences and in fact maybe demands have changed dramatically and most existing stock does not comport with color preferences but parents you've gone that route say the so called Kitty condos can not only help their kids get in state tuition can help them build a credit by putting their name on the mortgage coming up I'm half an hour the housing numbers.

Doug Duncan CNBC Darnell Williams president America Scott Lawler Kitty condos Fannie Mae chief economist fox seven percent
"fannie" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:43 min | 11 months ago

"fannie" Discussed on Bloomberg Radio New York

"Of Fannie Mae and Freddie Mac are up more than sixty percent in the past month on hopes the mortgage companies will exit government conservatorship Bloomberg's Vonnie Quinn spoke with a key voice in the process mark Calabria director of the federal housing finance agency so what we're working on more than a month as you mentioned a letter agreement you may remember the current later agreement caps their capital at three billion in the really new part is a much higher number than three billion so it will still be limited but we're looking to come up with a number that will get us through the next year and a half two years in the in the interim after that we will reach agreement on changes to the underlying share agreement that allow us to chart a path through Fannie Freddie out of conservatorship. processor than an old calendar driven but for example do you anticipate that within a year honey and Freddy will be out of government control. it really depends on how quickly they raise capital so what we want to be able to do is actually to some extent put their destiny back in their hands they're going to be responsible for building capital they're going to be responsible for hating goal posts so what really what we're gonna be doing particularly in the amendments to the share agreement is setting up a bunch of mile markers for feeding frenzy to hit but the the day they're the ones I've got a drive down the road. how much. will this letter agreement authorizes the GSEs to retain director. probably about an offer that will get him through a year and a half two years but this is really the point in negotiations right now the secretary and I have not settled on the final number but we're in the neighborhood were close and and I'm very hopeful that that will get done by the end of the month use talked about reducing Fannie and Freddie's footprint are there areas other products that you wouldn't want them to be an jumbo loans for example or you know other types of loans. this is really going to be focused on D. risking in so again if they're going to go to market how do you look at products that they don't have a higher return keeping in mind again that Fannie Mae for instances leverage a thousand one so it's a safety and soundness regulator I really need to be able to make sure that the risk that they're taking is commensurate with the capital that they hold that's currently not the case so I think some very modest reductions in risk the major footprint will look the same it will just looks a little bit safer and I think it's appropriate particularly given where we are in the house in cycle and given my leverage these entities have. senator brown about you know how you expect investors to get involved with these companies if every extra step you take actually reduces their profitability what what do you say to that director. well first of all whatever size it was a financial arms like regulator the the the the responsibility to raise capital to convince investors his on the company's not me I think I can help make this a safe and sound system were feed somebody does invest in these companies you can be sure that they don't fail again because I think with the current situation is their leverage they have today no fail during the next crisis so how do we build them up in a way that I think of a sustainable I think a number of the higher risk products that they do don't have really good returns on equity in the house so we can reduce some of that risk and of course it's worth keeping in mind that the smaller they aren't the west capital after is to get out. respond to some criticism that this is old is going to be money in the pockets of some hedge funds who owns Fannie Freddie. well it's not necessarily a concern of mine iron I'm tasked with getting them to a safe inside condition that's my responsible on that's my focus if shareholders benefit our show is a benefit that's incidental to me building up the capital again I'll remind you Fannie Mae is leverage a thousand one I have to help them build capital or they would not system sustain the next downturn how long before the funny and Freddie raises outside capital and how do you anticipate that I'm going what will be the rows for the house and I PO. so it could be even though the first thing I think we need to do is start to retain capital and I think we'll have to have a number of months to retain earnings so six months to a year retainer ensure that track record in the boat that question before they can go to market so again emphasizing process driven not calendar driven I think the earliest you could see going to market would be the last fourth quarter twenty twenty twenty twenty one is more likely the case but I really do want to emphasize a lot of things need to be done before you get to that point the government in your preferred shares how they being repaid are these potentially one of the bargaining chips you're using it's certainly one of the one of the one of the parameters you know my view is fundamentally that the government's investment is being managed by treasury and while I'm not offer my thoughts of the secretary it's fundamentally his decision to make up my my focus is on getting Fannie Freddie in a safe and sound condition you know you talk about competition but a new competitor would have three tens of billions of dollars of capital and be on the national stage and you know I have a rate of return that would get investor is to be attracted to is do you anticipate that happening how long would it be before something like that would happen in the country so it I really whatever size for me to be able to issue new charters resolve call for is going to require an act of Congress so well we all know that doesn't happen quickly I think the important Kathy on here is you've got a bit of a chicken and egg if I don't have the usual ability to issue new charters are bring a competitor student no one's gonna try to compete so I would at least like the opportunity to be able to issue charters bring some competition into this you know and more importantly reduce the reliance on feeding and Freddie if we have five or six of these entities then no one of them is necessarily too big to fail so to me the competition aspect is as much about trying to bring financial stability of the system to the mortgage market is it is anything else that was FHFA director Marc Cooper yeah and coming up Howard marks oaktree capital group.

Fannie Mae Freddie Mac Bloomberg Vonnie Quinn director mark Calabria two years sixty percent six months
"fannie" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

09:50 min | 11 months ago

"fannie" Discussed on Adventures in Finance: A Real Vision Podcast

"All my monthly investor letters and looked at my portfolio where I'd made lost money and I realized that I had owned owned some of the greatest stocks of all time I own apple back when it had a three billion dollar market right I owned net flicks in two thousand eleven eleven and twelve at a three billion dollar market cap. That's been about a fifty bagger apple spent three hundred bagger. I owned Ross stores at a buck seventy. That's been a seventy seventy bagger the only one that I really identified equality business and just hung with it was Berkshire hathaway which owns from day one two year eighteen when I closed my fund. I owned it consistently but the rest you know I bought them. I owned McDonald's back when it got really cheap in two thousand and two early two thousand three. Are you got down to twelve dollars a share. What's it at two hundred today. I own home depot. You name it yet. I had sort of own them at the right time. When great companies had encountered what turned out to be temporary difficulties. Their stocks got cheap. I bought them that part. I did quite well. The problem is the stocks then went up fifty percent and they didn't appear as cheap anymore. I saw them and it was. I realized realized my probably my single biggest mistake. Over twenty years is is that I probably paid. There's always there are two main things you're looking at right which is price or valuation and business quality and I was smart enough to understand they were both important but when I look back and I look back at my decision decision making and where I was screening for stocks I was probably seventy five percent focus on statistically cheap stocks low oh price to earnings price to book cash flow whatever traditional valuation multiples and I was only twenty five percent focus on business quality so when I went out to look for businesses I would screen for statistical cheapness and then I'd come up with. Let's say one hundred companies and then I would look for the better businesses among them. What I should have done is the exact opposite. which is I should have said? Let me go out and find the hundred greatest businesses the grace the planet earth and that have the biggest moats that have the brightest futures that have the most long term potential and then. Let's look there for an for the ones that are being temporarily miss price when I can get in at a good price but then once I'm lucky enough to get into good price. I'm going to ride him until until the story changes you know stories sometimes change valiant was a twenty bagger before the story changed and it went down by ninety seven percent so I'm not selling. I'm not saying my mistake was you never should've sold anything. If you make a mistake the story changes or if the valuation Russian truly gets extreme you need to get out of a position or at least trim it obviously part of a critical part of portfolio management is position sizing and managing a high class problem which is you put on a five percent position in a stock and then it doubles and doubles again in doubles again. It's a high class problem but figuring out you know win. Let your winners run how much and win it. CETERA is a is a key part of that so that was a that was a big mistake. so I'm now I still consider myself a value investor but I sort of say I'm not a value investor or a growth invest make money investor. I'm much more or open today to paying up a for a stock that that may not look sheep on a current year's earnings multiple or something like that but where you know I can think okay five years from now. What is where do I think this company is likely to be and what can it be earning meal five years from now whereas historically I was only willing to you know look at sort of current year earnings or maybe what they were earning next year. I wasn't willing to look at out any further than that. So I missed a lot of the great moon shots and other stock by the way back in one thousand nine hundred nine was Amazon Sakes. Thanks right. We should talk about that because I thought I think that it was Doug Casts I saw on your site who talking about Amazon the first thing that came to mind when you were telling that story was the European banking sector because we've been talking about European back. Actually I spoke to an investor last week or the the week before last and he said in his fun he has no European Bank stocks yet when you look at them on price to book Valuation Deutchebanks Bank for instance. It's trading at twenty percent of book thirty percent of book. Yeah I mean that's a cheap star when you look at from the paradigm that you're talking about now. How do you look look at the banking sector as an example financing gentlemen well generally banks particularly investment banks which big derivative books because I think thank you have to differentiate between you know just your standard retail banking franchises versus investment banks like Deutsche Bank generally speaking speaking they make me nervous insurance companies. I'd throw in there as well in that. There's just there's Black Swan risk out there because there's leverage and because they have big a big either derivative books or loan books where it's very difficult often. There's sort of black boxes. You know what's in there so you just have to have a lot of confidence in management generally which is why you know. Berkshire hathaway certainly something I felt comfortable owning just because I've steadied Buffett and Munger longer so closely and understand their fundamental conservatism but there aren't very many other financials I mean the financial sector the history of financials just is littered with boom and boss and management teams that are out there trying to deliver steady earnings growth in a sector that often doesn't lend itself to that general view of the European financial sector as after the great financial crisis no eight. Oh nine the US did a very good job of forcing the entire financial sector clean up to realize their losses to run off their bad banks and cleanup underwriting standards etc but mostly to take their medicine and recap and recapitalize etc and that didn't really happen in Europe. You know I host an invest in conference in Italy every summer and so I'm talking to my Italian value investor friends over there and you know the bunkum wanted. The oldest bank in the world dozen years later is still on death's door and has had to do multiple rounds of of capital raising because they sort of had a bad loan book but didn't or couldn't take their medicine so oh. I'm you know they're. They're a lot of things I'd say. The vast majority of what I look at generally just goes into the too hard bucket doors have been interesting because because a an and by comparison I think that when we were talking I thought it was interesting you know when you do the twenty five seventy five twenty five percent cheap deep seventy-five percent good business it brings us immediately to the GPS's yeah so when you talk about financials the juxtaposition in between the black box of the investment bank versus what I would consider a dominant position of GS's is very interesting and that's. That's a very interesting political story that you have a lot of knowledge about. Tell me a little bit about what's going on there yeah well. It's interesting since I started my investment newsletter later in April of this year I'd say at least half of them half dozen or so recommendations. We've made so far we put out one. I have have a free daily. Letter goes out to thirty five thousand people or so every day but we once a month we put together a ten to fifteen page report on our single best investment in that goes to our paid subscribers so once a month since March. We've had a half dozen ideas. The majority of them have been ideas is from back in my hedge fund as companies that I've known for a long time and one of the more interesting speculations that was in my hedge fund was Fannie and Freddie government-sponsored services the mortgage giants the Jesse's which in many ways were what happened to them is exactly what happened with. Aig for example uh-huh it was deemed they were correctly both AIG and the Essy's were deemed systemically important the US government came in gave them an unlimited line of credit to to make sure they could get through the crisis all took eighty percent of their stocks and that's what happened in no way within a couple of weeks of each other to both gs's aig what what happened differently with the GPS's though is well. Let me what happened with AIG. Let's start there tell you what happened differently at the in in the case of Aig the company recovered as the economy and financial system recovered AIG sold off assets returned earned a profitability they paid back the government loans with interest and then the government still owned eighty percent of the stock which the government over the course of a number of equity woody offerings exited the position. The government made a fortune edgy. AIG is now an independent privatized and very carefully regulated a major financial institution today. That's exactly what should have happened to the. GSEE's the problem is in two thousand twelve just as the GS's were about to return to massive profitability their.

Aig Berkshire hathaway US apple Ross McDonald GSEE Valuation Deutchebanks Bank European Bank Black Swan Deutsche Bank Italy Fannie Europe Doug Amazon
"fannie" Discussed on WSJ What's News

WSJ What's News

02:06 min | 1 year ago

"fannie" Discussed on WSJ What's News

"And quote facebook declined to comment and google said it was cooperating with the inquiries quarries do now our main story this morning. The trump administration administration said it would support returning the mortgage lenders fannie mae and freddie mac to private hands. It's a major reversal from what leaders of both parties have been promising that was to abolish polish both the companies. Here's a stat for you fannie and freddie guarantee roughly half of the u._s. Mortgage market charlie turner has been finding out more about the shift aft from andrew ackerman andrew. What is the government's rationale for the process to eventually return fannie mae and freddie mac to private ownership is really two fold. The the first is that when the government put fannie freddie into conservative ship eleven years ago it was supposed to be temporary and they really are serious about finally ending that a lot of people have tried. Everyone's failed to end the conservative. They wanna give it another go. The second reason i guesses more ideological where the administration believes pretty strongly that the government should not play a central role in housing which touches on a huge portion of the economy about fifteen percent of the economy so from what i understand the proposal recommends that federal regulators developed plans to privatize both both mortgage finance giants a plan to develop a plan yeah that seems to be the direction we're headed in is they're not taking positions on specific issues issues like what to do with the government stakes <hes> in these companies but they are sort of saying hey f._h._a. Which regulates fannie and freddie you you guys should develop <hes> capitalization structure. They need capital to be able to stand on their own eventually. They're also saying hey why don't you look at what types of activities maybe we should consider curtailing fannie and freddie i a lot of loans conservative basically questioned why they buy some of along that they'd buy including.

fannie mae fannie freddie freddie mac fannie freddie facebook google andrew ackerman charlie turner fifteen percent eleven years
"fannie" Discussed on Realty Speak

Realty Speak

02:04 min | 1 year ago

"fannie" Discussed on Realty Speak

"These guys that aren't monsters like portland or related we have access to the same kind of debt but those guys do and fannie and freddie have both built really excellent small balance platforms to address loans from a million to seven seven million with fanny. You can generally go lower seven hundred and fifty thousand depending on the lender. It's really lender's discretion but i want to explain a couple of differences differences. Freddie mac has a great product. They're calling it opt to go now and the credit box is kind of narrow but if you have a loan that fits in their credit fox's multifamily on that fits in their credit box and you're in a large market think l. a. new york miami portland austin market like this you will get the most competitively priced non-recourse low cost leverage in debt that anybody can get. They both very special product. You can get up to ten years fixed on a thirty around the nation. I believe now they had terms up to twenty years where there's uncast active ten years but feeny may as a really special small balanced product also and that product is most powerful in either secondary and tertiary markets where you still want to achieve full leverage and get competitive the pricing because freddie mac is less competitive in smaller markets that are leveraged comes down the rates go up their credit really moves based on market market size first and then my ridge and that sort of this coverage ratios and so on and so forth any is really almost market agnostic unless they've had some bad experiences in a market with foreclosures in which case it can become pre review but something else that fannie mae has that you don't see that most folks don't know.

Freddie mac portland fannie mae fannie fox l. a. new york austin miami ten years twenty years
"fannie" Discussed on Realty Speak

Realty Speak

03:37 min | 1 year ago

"fannie" Discussed on Realty Speak

"Whatever since two thousand eight people are less inclined to sign personal guarantees since we saw a lot of personal guarantees get triggered and a lot of very successful people go from one hundred zero very quickly and we being among them not as successful as most accessible but certainly from one hundred zero so the way non-recourse debt works is generally speaking. It's subject standard. Carve outs were bad boy carve outs and use carve out say that that there is no personal recourse to the key principles that if the lender has to take back the property that the lender will take back the property and be be responsible for operating selling and making themselves whole except for in the case of <hes> material misrepresentation on behalf of the key principles fraud not paying taxes act of being a bad boy. You were a bad girl. Which is where the expression badboy pouts come from now something that's really prevalent today and that's evolved very much. The the last few years is that when a borrower principles take out a non recourse loan with certain carve outs that they run into a situation where the lenders council courtesy of under instruction generally slips in carve <music> outs or addenda to the carve outs that really make non-recourse loan full recourse so they may any slipping language that allows for carve outs to be triggered for none carve out where the events like if you you send your annual p._n._l.'s late or something to that effect so it's really important that when you're borrowing money from a non-recourse on recourse lender most specifically c._b._s. Wonder the borrower has retained the council. That's experienced in negotiating associating carve outs in similar non-recourse an intial instruments so unlike the closing table at a residential mortgage for want four family home where the borrower just pretty much comes in and signs the papers the way they were prepared by the lenders attorney in commercial lending you do have the ability to retain counsel to look over the paperwork and actually negotiate change is is if they don't meet the expectations that you had when you originally looking at entering into this particular loan contract you don't have the right you have the responsibility as a borrower the canoe share responsibility to your investors and the responsibility to yourself to make sure the loan documents coincide the term sheet or the commitment that you signed. There's a lot less of this with fannie and freddie debt a lot of it's very standardized but again in the c._b._s. Market there's definitely some cowboy esque activity now i this is not a criticism of c._b._s. C._b._s. product is unbelievable. There is nothing nothing better for particularly small balance commercial debt loans between two and.

freddie debt fraud fannie attorney
"fannie" Discussed on KGO 810

KGO 810

07:02 min | 1 year ago

"fannie" Discussed on KGO 810

"The housing market index will be released on Thursday and existing. We'll both be released on Thursday. And we'll also get the fed minutes from January thirtieth. So fed is the one that determines the interest rates. There are going to have a meeting and release their minutes at least from the meeting on Thursday. Mortgage rates have hit the lowest. They've been in probably twelve months at four point three seven percent. Now, this is from Fannie, Freddie, MAC and Fannie Mae. They released this. It is important. And now that does sound like a beautiful interest rate four point seven five percent. Usually when they quote, they say quote with a couple of points. So when you go to your lender, the talk about interest rates, it's not actually going to be that low. But the fact is overall it is as low as it has been in twelve months, so if you're out there, and they're looking to refinance or thinking about taking cash out this week in particular would be a really good one. So I've got a question for you really quickly when it comes to rates now, there's a term that flies around. Sometimes people might not understand it. But when you said that the rate isn't as low as we just talked about or might not be we can't tell them exactly what the rates going to be right? No. We can't credit interest rates going to be turned by so many different things. One is going to be your credit. A lot of these that are priced online that you read. I mean, I go to quicken in particular, and they have the lowest interest rates, but then you go to the fine print, and it's going to say, well it costs you two points. Does that mean if it's five hundred thousand dollar loan size that interest rate that's lower than anyone is gonna cost you ten grand? So they are the lowest. But the ones that are usually out there that you see upfront. They're gonna be teaser rates usually is going to require the best absolute best credit score. It's gonna require forty percent down. And a lotta times they're going to require points. So what if you went there and you wanted to get that lower rate? They have a term called the by down rate so quickly. Tell me how you can buy your rate down. So by down. It's got a lot of different names. It's called discount points. It's called by down essentially as you're buying down your interest rates, and when I say cost two points appoint is just a percentage point. So again, if you have five hundred thousand dollar loan size and the by down rate is one percent. It's gonna cost you five thousand dollars to get that interest rate. Now is it worth it? It depends. You really have to do the math. Typically, we say we like to say that if you can recoup your money within four years, then it's a good investment. Just pay the points. Anything more than that probably doesn't make sense. And the reason why is in California. In particular, people only stay in their loans at the houses, just the loans for an average of five years for a variety of reasons. People take cash out of their home people try to take cash out for home improvements. I'll do it for school people. Refinance people try to get rid of mortgage insurance specifically here in California. People will move. So so many different reasons why people only on average and California state five years. So if you're within that four year period, and yeah, it could make sense to pay your points down some fascinating information. And so let's real quick going to the construction report brought to you by your body construction company. They're great people, by the way, I love to lie to their great. They are highly involved in building the bay area. But one of the projects that has recently been proposed to Burlingame by developer Hanover company is proposing one hundred and fifty homes just two miles from where Facebook has pre-leased their office space Burlingame point. So I mean, it's definitely a strategic and smart move to be that close to Facebook, of course, who wants a commute man, but it's a six story project at one zero nine five Rawlins road, which would consist of thirty five studio apartments, seventy four one bedroom units and forty one two bedroom unit. It's along with almost two hundred parking spaces. And then so yeah, that's a big project that has recently been pitched to Burlingame. I think that's that's really really really big in the news right now, Amazon they were gonna build in New York City. Shutdown or they'd be rejected it or whatever else something like that. The complaints were. They were getting so many tax incentives to come over a billion dollars. It was it was pretty high and one of the counter arguments or one of the arguments for that was while they're going to bring a ton of jobs were promising hundreds of thousands of jobs in the area. Not only from just those jobs, but the jobs around it, you know, there's cafes jobs, there's all housing. So real estate was really for it. So when we talk about this Burlingame one that is a really awesome thing the burlingame's getting because essentially Facebook is right there, and that's going to bring more housing opportunities. More jobs more small businesses for the area. So that seems like a really good place to park money. It is and it looks like what they're proposing is geared towards the millennial type one bedroom units two bedroom units. So it's a good opportunity for people that want to have a space, but not too big of a space. You know, the funny thing is I was talking to my girl last night before we went out, and she's like, I would love to sell my house. But I just don't I can't move anywhere. Mike, we're we're watching that guy. I loved her listed or some sort of TV show. And and we're looking he's big houses. And she's like, I don't want a bigger house. I would rather have a smaller unit. It's funny. How our generation has liked that our our parents generation was kind of more like bigger is better. Right. Who's biggest house on the block? Now. It's like if I can live in it and survive in it. I'm good with it 'cause I can lock my door and keep moving in with life. Yeah. The mindset just changes. Well, and I think partly that's because there's so many things to do outside of your home nowadays, you know, prime example, is all of these outdoor shopping malls, all of these festivals feeds grab fees. There's all these things that people are don't really nice this really need to spend as much time in their house anymore. I think for me one of my favorite things is leaving downtown. I like it because our generation younger generation seems to want to walk places. Yeah. Seems to want to have a convenience factor. And I don't mind a condo. Where I think my parents would get the oh I walked downtown ever all the time in walnut creek. It takes me seven to nine minutes to walk to downtown from my house, by the way, it's way better and faster than driving down. Yeah. It is. But this is brought to you again by Audie construction company. They've been developing the bay area for over one hundred years do grading paving, excavating and all kinds of groundwork. Give them a coffee. You have any questions about any commercial? Development type of work. So we will be right back with a little bit more about down payment. This is real estate radio talk make sure and give us a call eight hundred nine nine eight zero eight.

Burlingame Facebook California Fannie Mae Fannie Audie construction company walnut creek MAC New York City Freddie Amazon Mike developer Hanover company five hundred thousand dollar twelve months five years five thousand dollars
"fannie" Discussed on Marketplace All-in-One

Marketplace All-in-One

04:01 min | 2 years ago

"fannie" Discussed on Marketplace All-in-One

"But as defaults piled up after the housing market turned Fannie and Freddie were losing money fast. At the time. Rodrigo Lopez ran a Bank that's sold mortgages to Fannie and Freddie north Mark capital. He remembers the panic in the market are had many friends who had companies that failed. Marcus were freezing. The ability of capital was going away and the housing finance system was in the process of collapsing. Then. On September six, two thousand eight payers came to the rescue Treasury Secretary. Henry Paulson gave a press conference the next day Fannie Mae, Freddie MAC are so large and interwoven in our financial system that a failure of either of them would cause great turmoil in the financial markets here at home and around the globe. The bailout allowed treasury to buy billions of dollars in fannies and Freddie stock giving the company's a much-needed injection of cash, and they were placed under the control of their regulator, the Federal Housing, finance agency. So the goal was were really to be temporary conservative ship or as Hank Paulson called it at the time, a time out for Fannie and Freddie. That's Josh arroz, ner with the research and consulting firm. Graham Fisher. Here we are ten years later. It hasn't been temporary, that's for certain, nor has it really been, frankly, restoring Fannie and Freddie to solvency. The companies have made money as the housing market has recovered. But in twenty twelve treasury ordered Fannie and Freddie to hand over all of their prophets. Each quarter meaning Rosner says they have very little capital on their books to cushion future losses. So essentially, all the prophets went to repay with the head borrowed, but now they've repaid well over one hundred billion dollars more than they borrowed. So why are they still under government control? Good old fashioned, Washington gridlock. Everyone agrees you have to change the system, but there's major political disagreement on what the change should be done. Layton is CEO of Freddie MAC on the more progressive side, it's preserve affordable housing goals and strong role in the mortgage markets. We've we've traditionally had on the conservative side, it's shrink them. They should have less roll. The market should be more private and that the bait continues with no resolution in sight. Yet Layton has worked to shift more of Freddie MAC's credit risk to. Private investors and with much higher standards for the mortgages at buys. There's less of that risk than before the crisis. Laurie Goodman is co director of the urban institute's housing finance policy center. She says, the system is working well enough that there's not much urgency in congress to fix it. My view is that will be conservative ship for the balance of my professional life and maybe my personal life as well. So much for Henry Paulson's time out. I'm Amy Scott for marketplace. This final note on the way out today and coming soon to a multiplex near you. Barbie. Thomas the tank engine Hot Wheels, American girl as well as various and sundry Fisher Price toys. The common denominator Mattel is the parent company of all of them and it announced today it starting a film division trying to do the Hasbro transformers thing. I guess. All right. We gotta go the Dow added a fraction of one percent today. Twenty points NASDAQ continued its slide nine tenths of one percent of the downside, seventy two points s and p five hundred sagged about a third percent. Ten points. John Buckley, eve Epstein Stephen, Gregory John Gordon Betty Streisand on the marketplace, editing staff, managing editors, dear Decky. I'm KAI Ryssdal we will sit my buddy. This is APN.

Fannie Freddie MAC Freddie Henry Paulson Freddie stock Rodrigo Lopez Layton Federal Housing Marcus KAI Ryssdal Graham Fisher treasury Josh arroz Fisher Price Rosner Dow
"fannie" Discussed on I Think You're Interesting

I Think You're Interesting

03:20 min | 2 years ago

"fannie" Discussed on I Think You're Interesting

"You know this is a place where fannie lou hamer this civil rights activist was arrested at a bus station taken to jail and nearly beaten to death and that's a story that a lot of people in town in known no about it's not something that is commemorated anyway in the town but there are certain memories and lived experiences in the town that really do play a role in how people view law enforcement today how they've you what is happening in the curtis flowers case want to return to the white people within the tone hud reactions to you i'm thinking about this in terms of there is this real in rural white communities i grew up in one like there's this real suspicion of the media and a lot of ways and you've now done two seasons in white law in rural communities that have large white population so let's say season one was much more heavily skewed in that direction so like what is that reaction to like here comes the media to like overturn some of these rocks like what are those reactions like you know it's interesting because as a reporter i have seen that somewhat but i also think that not as much as you might think i mean i think that a lot of there's a lot of reporting on politics but when you go and you report on something other than politics and you show up in a town and you're there for a really long period of time and it's clear that what you're trying to do is actually find something out that you're sort of doing your work as a reporter to build trust with people and so you get to a point where you're not you know a generic reporter that stands for all reporters that they think have done something wrong but you're like this reporter who's being careful who's talking to people whose talked to some of your friends and they felt like that reporter was fair you know is spending the time moved onto one ona for the better part of the year tell me we'll bit about about making that decision in like getting people to trust you like getting them to know yes we're going to be a part of the community for this this point in time in like building those relationships yeah i mean for us it was we couldn't have done the story if we hadn't moved there i mean the story was too complicated iroquois too much reporting so it required a year plus of reporting but a year you know solid of of being there so that was just kind of a basic level thing it's like if we're gonna do the story we're gonna move there in terms of building relationships i think it's like anything else you know sometimes we're forced into situations where we just show up and we ask questions of perfect strangers and we hope that they respond but when you have long longer periods of time like this you can do things that you know allow people to get to know you i trust you i for example in winona you know we were invited to people's churches we are invited to like all kinds of different community events we are invited into people's homes i mean people many people were very very welcoming to us and got to know us i mean we got to know them they got to know us over this course of of such a longtime of reporting and i think that that has allowed us to better understand the town in ways that i don't think we would have been able to if we even had been there for you know only a few months so look give me a sense of what it's like to like drive into i know like it's a small town obviously but there are lots of different kinds of small towns so like what's it like to be in wino share so it is right off the freeway so it's right off a fifty five which is like the north south freeway mississippi so if you're going like memphis south you're going to hit the onoda exit you turn off the freeway and as you drive when you see this this very large white cross that is eliminated at night that's next to a.

fannie lou hamer
"fannie" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

01:51 min | 2 years ago

"fannie" Discussed on Newsradio 970 WFLA

"To us and we service your loan we are actually securitising the loan in the background with fannie mae or freddie mac and so to find out if fannie or freddie own your loan there is a look up tool on the internet and so if you go into google and you type in does fannie mae own my loan or does pretty mac on my loan it'll ask you for your address the last four your social security number some other information it we'll tell you yes or no if you get a yes or either one of those you now can do harp theoretically at the other thing is you have to have had your mortgage since back in two thousand things like june two thousand nine that website will give you the exact date so a lot of people have already taken advantage of harp or people who refinanced after two thousand nine no longer can take advantage of harp but they we don't need to because if you bought your home after two thousand nine you should have equity because we didn't see home prices go down we've seen the opposite we've seen home prices go up since then so the the real key to harp is that you don't need a new appraisal in most cases and even if you do need a new appraisal it doesn't really matter what it comes in at because we can loan you way above the appraised value when it comes to a heart bloom so harp is purely there for people who have fannie mayor freddie mac loans they've had them since pre two thousand nine and they still do not have equity in their home to take advantage of a refinance now we offer harp loans here dr p funding on both fannie mae and freddie mac loans because we're a direct seller servicer with fannie and freddie are the next thing is when you do a heart blown with our p funding i'm paying all the closing costs right now so this was unique a lot of banks looked at harp as a way to make extra prophets and take advantage of their clients and so on their harp loans they charged all these extra fees and acceded seminars on this at some of the.

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"fannie" Discussed on KQED Radio

KQED Radio

02:34 min | 2 years ago

"fannie" Discussed on KQED Radio

"And freddie mac are structural and systemic problems so as i look back at it i i would say that one of the things i'm most grateful for are the two biggest mistakes i was part of we corrected right there on the battlefield and we reversed ourself so let's take fannie and freddie so it rates to thanks first of all ben is being modest so he late you have it's very unusual i think that we had a chairman of the fed that had the political skills the banner ad and the courage that he had because when i was up there working to get the authorities from congress there was no way we had any chance of getting him in my judgment if ben hadn't been right up there two of us together and then when we all moved to put fannie and freddie it into conservative shepherd her nationalize him then side by side but to get to the mistake and cry myself that there was no way we would ever have gotten the authorities to nationalize fannie and freddie if we gone to the hill and said guess what we want to nationalize fannie and freddie now fortunately for me i didn't believe it was going to be necessary we didn't have all of the information we needed we couldn't ask unlimited authorities so we asked for unspecified so we got onto testified with authorities so i thought so i used example if you guys are smiling specified thirties you won't have to use them but so wh when the situation changed of course congress only gave us the authority to point capital in terms that fannie and freddie accepted so what we did was something that congress had and contemplated we got the ability to have a safety and soundness regulator for the fed me for fannie and freddie they could make the kinds of judgments regulators normally make and to have the fed also be a consultative regulator and so we changed and reverse course on the fly on the fly tim grad of just going to say you know it just illustrates something important people understand which is these things happen they can happen really quickly the very hard to understand in the moment there's huge fog uncertainty around them you need the ability to adapt and move quickly into change your mind and although zucca may not be.

freddie mac fannie freddie ben chairman fed congress
"fannie" Discussed on KQED Radio

KQED Radio

02:32 min | 2 years ago

"fannie" Discussed on KQED Radio

"So as i look back at it i i would say that one of the things i'm most grateful for are the two biggest mistakes i was part of we corrected right there on the battlefield and we reversed ourself so let's take fannie and freddie so illustrates to thanks first of all ben is being modest so you have it's very unusual i think that we had a chairman of the fed that had the political skills the band had and the courage that he had because when i was up there working to get the authorities from congress no way we had any chance of getting him in my judgment if ben hadn't been right up there two of us together and then when we all took only moved to put fannie and freddie it into conservative shepherd her nationalize him then was side by side but to get to the mistake cragg myself that there was no way we would ever have gotten the authorities to nationalize fannie and freddie if we gone to the hill and said guess what we want to nationalize fannie and freddie now fortunately for me i didn't believe it was going to be necessary we all of the information we needed we couldn't ask unlimited authorities so we asked for unspecified and so that was got onto justified authority so i thought so i use the example if you guys are smiling thirties you won't have to use them but so when the situation changed and of course congress only gave us the authority to put capital on terms that fannie and freddie accepted so what we did was something that congress had and contemplated we got the ability to have a safety and soundness regulator for the fed me for fannie and freddie i could make the kinds of judgments regulators normally make and to have the fed also be a consultative regulator and so we changed and reverse course on the fly on the fly tim grad of just going to say you know it just illustrates something important people understand which is these things happen they can happen really quickly the very hard to understand at the moment there's huge fog uncertainty around them you need the ability to adapt and move quickly and to change your mind and although bazooka may not be.

fannie freddie ben chairman fed congress cragg freddie i
"fannie" Discussed on KCRW

KCRW

02:38 min | 2 years ago

"fannie" Discussed on KCRW

"The things i'm most grateful for are the two biggest mistakes i was part of we corrected right there on the battlefield and we reversed ourself so let's take fannie and freddie so it illustrates two things first of all ben is being modest so you you have it's very unusual i think that we had a determined the fed that had the political skills the ban had and the courage that he had because when i was up there working to get the authorities from congress there is no way we had any chance of getting of in my judgment if ben hadn't been right up there two of us together and then when we alternately moved to put fannie and freddie it into conservative shepherd her nationalize him ben was side by side but to get to the mistake crag myself that there is no way we would ever have gotten the authorities to nationalize fannie and freddie if we go on to the hill and said guess what we want to nationalize fannie and freddie now fortunately for me i didn't believe it was going to be necessary we didn't have all the information we needed we couldn't ask unlimited authority so we asked for unspecified so was gone onto authorities so i thought so i used example if you hazard smiling thirties you won't have to use them but so wh when the situation changed and of course congress only gave us the authority to put capital in on terms that fannie and freddie accepted so what we did was something that congress hadn't caught to plighted we got the ability to have a safety and soundness regulator for the fed excuse me for fannie and freddie i could make the kinds of judgments regulators normally make and to have the fed also be a consultative regulator and so we changed and reverse course on the fly on the fly tim grad of just going to say you know it just illustrates something important people understand which is these things happen they can happen really quickly the very hard to understand in a moment there's huge fog uncertainty around them you need the ability to adapt and move quickly to change your mind and although bazooka may not be the i mean another thing about these about runs like this is to stop a panic protect from a panic you have to have a be able to deploy a level of force that is dramatically large relative to.

fannie freddie ben fed congress freddie i
"fannie" Discussed on Motley Fool Money

Motley Fool Money

01:57 min | 2 years ago

"fannie" Discussed on Motley Fool Money

"In our overall financial system if the big banks on wall street operated on the same level that they that advocacy's absolutely i mean we didn't put this particular fact and the film um um but advocates who default rate on loans his one 20th the national average for bank um i mean they they they know how to make loans you know um but uh the da's office decided because there was no real defaults to focus on in this trial they decided that the real victim in this trial was to be fannie mae you know and abacus did and now again does a lot of business with fannie mae because of the nature of a lot of the loans they do which are too you know people up more limited economic means and so a lot of their loans end up at fannie mae and fannie mae the alleged victim couldn't wait really for this trial to be over that they could get back in business with abacus because they were such good clients for them so it i mean you know if you made this up and put it in a fiction film people would sorta laugh and say oh come on you know that's not plausible but you know it did happen and one of the things that was so remarkable to me and and our team on this is is that this is a story um that no one was really reporting on in the mainstream media at all including the venerable new york times uh they did exactly two articles on the entire trial the uh the spectacle of the indictment with the employees chained together and the verdict which you know one of so it is one of the pleasures i think of watching this film is is that most people will come to it have no idea about this case and what happened and i'm just so glad that we had the opportunity to tell us coming up.

fannie mae new york
"fannie" Discussed on Intercepted with Jeremy Scahill

Intercepted with Jeremy Scahill

02:02 min | 2 years ago

"fannie" Discussed on Intercepted with Jeremy Scahill

"Mama to sell all of their their holdings in fannie mae and freddie mac and hey i g the us economy would have gone down what would it look like if we were to radically reorganize us society under a philosophy or an ideology rooted in marxism or the social good was actually up a priority in this country rather than sort of every one fend for themselves what would that mean in a country as big as populated as as the united states by put it sort of for crudely i think the future of the us insofar as it has a radical future lies more with some soared of what i would call them as nonideological anna ksm i don't think that it's ready for the kind of collective endeavor that would really be required to confront till the power of veto the federal reserve and find an alternative either figures right eddie for thinking about a mass movement of some kind what will actually started the redefine how the economy works i think if there's going to be any real kind of left it's gonna be a kinda socialist a anarchists kind of left politics it will emerge which has an awesome of many redeeming features i'm coming out of the marxist history was supposed to be very hostile isn't but i know greater appreciation for the anna kiss tradition iit was an ideological area of overlap there that has something which will be distinctive uh two were us history and culture and i think we have to recognize the significance and importance of that history there is no plausible path to that short of a complete collapse of the capitalist state in the united states imai wrong one now i i think that one of the things that is going on our.

fannie mae freddie mac eddie united states